European Leaders Fighting Tax Evasion

BRUSSELS (AP) — The European Union's leaders are seeking to advance their fight against tax evasion and close loopholes for large corporations' creative tax avoidance schemes. European officials say tax evasion costs the 27-nation bloc an estimated $1.3 trillion per year. The bloc's 27 heads of state and government will focus on tax issues at their four-hour-summit in Brussels today.